Forecast: Import of Nickel Wire to Switzerland

The forecast for the import of nickel wire to Switzerland from 2024 to 2028 shows a slight but consistent decline. The import value for 2024 is projected to be $1.0588 million, decreasing gradually to $1.0574 million by 2028. The year-on-year variation is minimal, showing a downward trend of less than 0.05% per year. The compound annual growth rate (CAGR) over this five-year period also reflects a very modest decline.

In 2023, the actual import value stood at $1.059 million. The slight year-on-year declines over the last two years point to a stable but slightly contracting market for nickel wire imports in Switzerland.

Future trends to watch for include potential fluctuations in global nickel prices, changes in Swiss manufacturing demand, and technological advancements or shifts that might affect the need for nickel wire. Additionally, policy changes related to trade and environmental regulations could also impact future import levels.

Top Countries about Nickel